Black Bear Diner | New 10yr Abs NNN 4388 W Craig Rd 4,625 SF 4-Star Retail Building North Las Vegas, NV 89032 $7,599,000 ($1,643.03/SF) 6.75% Cap Rate

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Black Bear Diner investment property located in North Las Vegas, Nevada. The tenant, LV Food Service Concept LLC, recently signed a brand new 10-year lease with 2 (10-year) options to extend, demonstrating their commitment to the site. The tenant is a subsidiary of LV Petroleum, which operates over 80 travel center locations, 180 quick-service restaurants, and 30 convenience stores. The lease features 2% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The project is currently under construction and is expected to be completed by mid-July, with a public opening scheduled for August 1. All equipment located on the property is included in the sale, providing the potential for bonus depreciation (consult a tax advisor).